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5 years experience with established vendor relationships. We offer great funding capacity for transactions $10k to $10MM. Quail Company's established for over 30 years. Submit resume to:

About the company: Quail Equipment Leasing 17 years in business with the ability to develop specialized programs for vendors and unique industries: $10K to $10MM.

Monday, November 9, 2009

Drummer Alan Franklin Gratzer born 9 November 1948, Syracuse, New York; perhaps best known as the co-founder of REO Speedwagon: "Keep on Loving You," "Can't Fight This Feeling, "Take It on the Run," and "Keep the Fire Burnin'."


Classified Ads---Asset Management
   New Development in EAR Law Suits
Coston appointed in IFC Credit Bankruptcy
Bank Beat--- Five Failures Last Week
   One Chinese/Two Black
      Marlin Business Bank
   Classified Ads----Help Wanted
Leasing News Top Stories-November 2--6
    Leasing News is Number #1 in Alexa Report
Leasing 102 by Mr. Terry Winders, CLP
    End of the lease options
Adopt-a-Pet--- Overland Park, Kansas
News Briefs----
Gondas: Once Richest in leasing/LA Charity's suffer
    Windfall Is Seen as Bank Bonuses Are Paid in Stock
Hurricane Ida aims for Gulf of Mexico oil fields
    No iPhone killer, but Droid has lots to like
       Windows 7 tops Vista in sales by more than 200%
You May have Missed---
   8 popular types of mortgages
        Sports Brief---
"Gimme that Wine"
    Today's Top Event in History
        This Day in American History
      California Nuts Brief---
Football Poem
Daily Puzzle
        Weather, USA or specific area
Traffic Live----

######## surrounding the article denotes it is a “press release”


Classified Ads---Asset Management

Haverhill, MA
Started in credit and collections 30 years ago with a private agency. My skills are negotiating with Attorney's, Insurance Companies & Large & small companies. | Resume

Minneapolis, MN
16 years leasing experience from micro to large ticket market, variety of equipment. Most recently calling on vendor telecom dealers in Upper Midwest.

Santa Barbara, Ca.
Full time/part time/Former Balboa/LEAF/Santa Barbara B&T, repossession, remarketing, liquidation.Top references; willing to relocate for excellent career opportunity.

For a full listing of all "job wanted" ads, please go to:

Other e-Mail Posting Sites:



New Development in EAR Law Suits

Joining the various lawsuits against Equipment Acquisition Resource (EAR) and its officers is Bank of Dixon County, 117 E. Third Street, Ponca, Nebraska. While the complaint is only a loss of $321,596* compared to Red Oak, $2 million, Leasing One Corporation, $2 million, Home Federal Savings Bank $3.2 million, Fifth Third Bank $10 million, and ICON Capital $21,599,653 million law suit, it is very revealing.

First, it shows Mark W. Anstett as president and owning 10% of EAR, stating on a financial statement his shares were worth $15,932,981 and Donna Malone as corporate secretary owning 90% with share worth $180 million (no one caught the valuation difference, nor does it match Don Blody's tax return report as the value of the corporation.) Sheldon Player is not named in the suit.

What makes this a "new development" is that it is the first to show what sent Player to jail in the $79 million Greyhound Leasing case. Bank of Dixon bought a lease from Leasing Innovations, Inc. 261 N. Coast Highway 101, Solana Beach, California dated April 22, 2009.

The lessee is Equipment Acquisitions Resources, Palatine, Illinois with Anstett and Malone as guarantors. The equipment: a Refurbished Okamoto Model GNX 200 Precision Backgrinder s/n GNX 200-009-HT costing $297,000. The lessor is also listed as the seller of the equipment on an Illinois Department of Revenue ST-587 Equipment Exemption Certificate. There also is a landlord waiver signed by Donna Malone "as Gerald Vermont Street LLC."

The list of leasing companies and banks in the bankruptcy perhaps names many others in a similar situation. In this Bank of Dixon County case James Chatz of Arnstein & Lehr, Chicago, Illinois representing the "equipment creditors "wrote the funder of the lease Bank of Dixon a "For Settlement Purpose Only" a letter to liquidate the collateral.

While the Leasing Innovations web site ( it has been "suspended," Better Business Bureau reports the business started 11/1/1992 with Heather G. Fritz as President. Rating is an A+ with no complaints (and they also are members of BBB.)

Leasing Innovations was listed as one of the creditors in the Wildwood Industries, Bloomington, Illinois bankruptcy filling.

March 5, 2002, Leasing Innovations Incorporated was recognized as a San Diego 2001 Better Business Bureau Torch Awards for Marketplace Ethics Finalist in the five to ten employees category. The press release states, "Leasing Innovations Incorporated (LII) was founded in 1992 and provides equipment financing services throughout the US, with offices in San Diego and Boston. LII finances in excess of $50 million worth of equipment annually. The firm serves large and small corporations, as well as having a special expertise in not-for-profit, municipal, federal and Indian tribal leasing transactions."

*It should be pointed out that the $$321,596 to Bank of Dixon County, Ponca, Nebraska, is considerable as the FDIC reports the bank was formed January 1, 1881 with three branches (Ponca: 1/1/1881, New Castle, 1922, Jackson, 2002) 18 full time employees with a total equity capital of $6.65 million as of June 30, 2009 with a $144,000 net income.

BBB Web site Leasing Innovation:

Copy of Bank filing including Arnstein & Letter:

Past EAR stories:



Coston appointed in IFC Credit Bankruptcy

James E. Coston and Coston & Rademacher were appointed and authorized as "Legal and Leasing Consultants and as Special Counsel" to IFC Credit Corporation Chapter 7 Trustee David P. Leibowitz. A retainer amount of $40,000 was authorized by Hon. Jacqueline P. Cox, United States Bankruptcy Judge in the IFC Credit Corporation, Morton Grove, Illinois Chapter 7 Bankruptcy.

In 2003-04, Coston was the first attorney to become a United Association of Equipment Leasing (now National Equipment Finance Association) President. He also is an active member of the Equipment Leasing Association of America (ELA), now known as the Equipment Leasing & Finance Association (ELFA), and has served for three years on its Legal Committee.

"Parallel to his work as a leasing attorney, Mr. Coston is a nationally recognized advocate for, and developer of, improved railroad passenger service in the United States. In 2000 Senate Majority Leader Thomas Daschle appointed him to the Amtrak Reform Council, where he served until the Council's statutory expiration in 2003. In 2004, Mr. Coston founded Corridor Capital LLC to provide lease-financing options to passenger-rail operating agencies seeking to acquire rolling stock fleets and maintenance facilities. A native of Chicago, Mr. Coston resides on the city's North Side with his wife, Patricia E. Rademacher, and three sons, Jay, Alex and William."

Various hearing and representatives are active registering in the IFC Credit Corporation bankruptcy case.

Coston Appointment in Chapter 7 IFC BK:

IFC Credit articles:



Bank Beat--- Five Failures Last Week/One Chinese/Two Black

United Commercial Bank, San Francisco, California became the 120th bank this year to fail. To protect the depositors, the FDIC entered into a purchase and assumption agreement with East West Bank, Pasadena, California, to assume all of the deposits of United Commercial Bank. This agreement included all U.S. branches of United Commercial Bank, the Hong Kong branch of United Commercial Bank, and the subsidiary of United Commercial Bank headquartered in Shanghai, China, United Commercial Bank (UCB-China).

The bank had 1502 employees, opening March 27, 1986, with branches not only in the San Francisco Bay area (23) but Los Angeles, Sacramento, New York, Texas, and the state of Washington. The bank reportedly catered primarily to Chinese customers and businesses.

United Commercial Bank was an overseas Chinese bank in the United States, based in San Francisco, CA. It was a subsidiary of UCBH Holdings. Founded in 1974 as United Federal Savings and Loan Association, it changed its name to United Savings Bank, and finally United Commercial Bank in 1998.

The 63 U.S. branches of United Commercial Bank will reopen during their normal business hours beginning tomorrow as branches of East West Bank. All locations in Hong Kong and China will reopen on Monday, according to normal business hours. In addition, UCB-China, the Shanghai, China, subsidiary of United Commercial Bank, which was also part of today's transaction, will continue its regular banking operations without interruption with the full support of its parent company, East West Bank, whose qualification has already passed the preliminary review by the China Banking Regulatory Commission.

According to Wikipedia, "East West Bank is a Chinese American bank in California. It has 71 branch locations in northern and southern California, Houston, an oversea branch in Hong Kong, a representative office in Beijing and a representative office in Shanghai. East West Bank is headquartered in Pasadena, California. It is the second largest bank headquartered in Los Angeles, after City National Bank."

As of October 23, 2009, United Commercial Bank had total assets of $11.2 billion and total deposits of approximately $7.5 billion. As of June 30, 2009, Tier 1 risk-based capital ratio 5.32%; equity had not changed much, going from $1.37 billion million the previous year time period to $1.19 billion, but profit had dropped from $17 million to a lost of $371 million, with non-current loans going from $286 million to $839 million.

The losses reportedly came from commercial real estate. An internal investigation by the band found that executives had not reported the severity of the loan problems, in fact, misleading auditors, it was claimed.

A subcommittee of the UCBH Holdings' board of directors identified problems they reported resulted both from weaknesses in the bank's internal controls and from deliberate and improper actions and omissions of certain unidentified bank officers. The report concluded that those problems were driven by an apparent desire to downplay deteriorating financial conditions by delaying or abating risk rating downgrades and minimizing the bank's overall loan loss allowance.

The report raised serious concerns regarding the actions of a number of current and former officers at various levels of the bank's management.

East West Bank paid the FDIC a premium of 1.1 percent for the right to assume all of the deposits of United Commercial Bank. In addition to assuming all of the deposits of the failed bank, East West Bank agreed to purchase approximately $10.2 billion in assets of the failed bank.

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $1.4 billion.

Home Federal Savings Bank, Detroit, Michigan, a black owned local bank was closed by the FDIC who arranged with Liberty Bank and Trust Company, New Orleans, Louisiana, to assume all of the deposits of Home Federal Savings Bank.

"Liberty Bank was founded in 1972 with assets of $2 million. Alden J. McDonald, Jr. has led the bank since its inception and has grown Liberty to its current holdings of $374 million, which positions Liberty as the third-largest African American-owned financial institution in the United States."

Home Federal Savings Bank started November 1, 1947 and had two branches and eight employees. The thrift became the first black-owned banking institution in Detroit, providing mortgages to those often cut off from credit at other area banks. For decades, local black home buyers got their mortgages through Home Federal. As the entire area has been hard hit, the bank also suffered along with it. Equity had gone from $716,000 in June 30, 2008 to $236,000 in June 30, 2009 with a Tier 1 risk-based capital ratio 3.31%. The bank had a $300,000 loss June 30, 2008 and a $221,000 loss June 30, 2009.

As of September 24, 2009, Home Federal Savings Bank had total assets of $14.9 million and total deposits of approximately $12.8 million

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $5.4 million.

Gateway Bank of St. Louis, St. Louis, Missouri, long the only black-owned bank in St. Louis, had a troubled financial history and was on the FDIC's list of problem banks since 2006. It was closed by the FDIC on Friday with Central Bank of Kansas City, to assume all of the deposits of Gateway Bank of St. Louis. The bank started in June 18, 1965 and had one office in 2009 with 17 employees.

As of September 25, 2009, Gateway Bank of St. Louis had total assets of $27.7 million and total deposits of approximately $27.9 million. Tier 1 risk-based capital ratio 3.25%. Bank equity had gone from $2.87 million to $677,000, with June 30, 2008 net loss of $590,000 and 2009, a $1.287 million loss, including a $1.297 million charge off.

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $9.2 million.

Power struggle at Gateway (2003):
(1993-Riverboat gambling boat investment)

Prosperan Bank, Oakdale, Minnesota: Alerus Financial, National Association, Grand Forks, North Dakota, to assume all of the deposits of Prosperan Bank.

Started April 9, 1999 the bank had three branches with 52 employees. As of August 31, 2009, Prosperan Bank had total assets of $199.5 million and total deposits of approximately $175.6 million. Alerus Financial, N.A. will pay the FDIC a premium of 1.02 percent to assume all of the deposits of Prosperan Bank.

Prosperan had a Tier 1 risk-based capital ratio 5.01% and equity had dropped from $13.7 million June 30, 2008 to $5.5 million June 30, 2009 and from a profit in the same period 2008 of $191,000 to a net loss of $7.7 million in 2009. In addition to real estate loan problems, the Minneapolis-St. Paul Business Journal reported, "Prosperan's balance sheet was pummeled by a participation loan that turned out to be fraudulent, said Bruce Bennett, the bank's CEO. Bennett declined to comment further on the loan, saying only that it was 'sizable,' it wasn't local and it wasn't a commercial real estate or land-development venture."

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $60.1 million.

United Security Bank, Sparta, Georgia, was the 26th bank to fail in the state: Ameris Bank, Moultrie, Georgia, to assume all of the deposits of United Security Bank. As of September 14, 2009, United Security Bank had total assets of $157 million and total deposits of approximately $150 million. Ameris Bank will pay the FDIC a premium of 0.36 percent to assume all of the deposits of United Security Bank.

As noted in a recent article about problems with Georgia banks, United Security Bank had just $15 million in assets in 2001, but grew tenfold by 2009 by lending in the real estate market, including construction, land development and mortgages.

The bank started September 12, 1932 and had two branches with 21 employees. Tier 1 risk-based capital ratio 5.33%. Bank equity had dropped from $10.1 million in June 30, 2008 to $5.36 million June 30, 2009, with income going from $1,000 the previous year to a loss of $3.3 million June 30, 2009 after a write-off of $3.3 million.

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $58 million.

List of troubled Georgia banks grows

U.S. banking regulators are meeting Thursday, November 12th to finalize their proposal to have banks prepay three years of industry assessments. The FDIC needs the cash to keep up with bank closings, now at 120 for this year. The FDIC is proposing to collect one advance payment of $45 billion as an alternative to levying another hefty emergency fee on the industry.

Reportedly the banking industry is behind the plan as while they will pay the cash upfront but not have to book the expense until the assessments comes regularly due over the three years. The agency has estimated the total cost of failures will reach $100 billion from 2009 through 2013.

List of Bank Failures:

Previous Bank Beat columns:

((Click on ad to learn more))
(Leasing News provides this ad "gratis" as a means
to help support the growth of Lease Police)



Marlin Business Bank

Marlin Business Bank, 2795 E. Cottonwood Parkway, Suite 120, Salt Lake City, Utah was established March 12, 2008 and employs five. Tier 1 risk-based capital ratio 15.68%. Bank equity capital has risen from $12.18 million in June 30, 2008 to $14.43 million in June 30, 2009. Net Loans and leases have gone from $49.15 million to 88.38 million. Non-current loans and leases have risen from $4,000 to $254,000 in the same time period. Cash and due from depository institutions have gone from $319,000 to $446,000, with net interest income rising from $810,000 to $4.2 million. Net income the prior year was $186,000 and June 30, 2009 $1.1 million, after a net charge off of $551,000. Information, FDIC

"At September 30, 2009, the Company has outstanding $97.3 million of leases and loans funded through its banking subsidiary, Marlin Business Bank, and have $80 million in FDIC insured deposits outstanding at an average borrowing rate of 3.45% with a weighted average term to maturity of 2.6 years. Third quarter 2009 average deposit outstandings were $79.4 million at a weighted average interest rate of 3.42%."
SEC Filing: Marlin 10-Q 9/30/2009:

Marlin Business Bank is an "Industrial loan banks are FDIC-regulated depository institutions chartered under the laws of Utah, California, Colorado, Nevada, and Minnesota. More than 50 industrial loan banks are currently in operation, principally in Utah and California."

"Most owners of industrial loan banks are exempted from Federal Reserve Board supervision as bank holding companies...They are regulated under state law and are subject to examination by the FDIC, and to "prompt corrective action" and capital guarantee requirements if the banks they control encounter financial difficulties. In some instances, they are subject to firewalls and corporate governance restrictions that exceed those applicable to bank holding companies. "

List of Industrial Banks:



Classified Ads---Help Wanted

Seeking 2 Years + Experience, Vendor Focus Preferred
Well Established Funding Sources
Nearly 15 Years Reputation for Performance
Large Commission Structure
with the Right Book of Business

Confidential Interview: Sarah Weston
Resume:, (310) 895-7718


Interviewing Experienced Leasing Salespeople
With Ability to Develop Vendor Relationships
52 year old, Family- owned, Self Funded,
Small Ticket Company

Resumes to:


Vendor/Dealer Leasing Professional, generous commission's package that can lead to base salary and benefits. Join a sales team that has all the right sales tools for developing a successful vendor program in many different industries.

Chris Chiappetta, Phone: 800-669-7527 ext. 1208,

National Machine Tool Financial Corp., funding vendor
programs since 1986. We offer competitive rates and a
credit staff dedicated to vendor programs.


5 years experience with established vendor relationships. We offer great funding capacity for transactions $10k to $10MM. Quail Company's established for over 30 years. Submit resume to:

About the company: Quail Equipment Leasing 17 years in business with the ability to develop specialized programs for vendors and unique industries: $10K to $10MM.



Leasing News Top Stories-November 2--6

Here are the top ten stories opened by readers:

(1) Marlin Leasing and Evergreen Clauses

(2) GreatAmerica Coming to Market with Equipment Lease Deal§or=abs

(3) Attention: Inquiries about being on the EAR List

(4) Banks sue Catholic Diocese over equipment leases

(5) Construction/ Printing Equipment Repo's Up
Trucking/Machine Tool Repo's Decline

(6) (Tie)
Creditors Back CIT's Bankruptcy

(6) (Tie)
Marlin Cuts Expenses to Produce Profit

(7) (Tie)
Bank Beat---About the Nine Banks that Failed

(7) (Tie)
Be cautious upgrading to Windows 7,0,709451.story

(8) Advantage Funding hires two

(9) Sales makes it Happen--by Mr. Terry Winders, CLP
The Use of Lease Proposals

(10) Cartoon---Customer goes to his bank



Leasing News is Number #1 in Alexa Report

Alexa Ranks Leasing Media Web Sites

202,529  Leasing News
775,442 Monitor Daily
580,107  eLessors Networking Association
1,534,584 The Journal for Asset Finance
1,080,554 Ind Community Bankers of America
1,409,473* National Assoc. of Equip Leasing Brokers
2,586,953  Commercial Finance Association
2,747,644 World Leasing News
4,135,097   CLP Foundation
3,474,122 National Equipment Finance Association
5,827,236  Exec Caliber-Jeffrey Taylor
4,893,771  Institute of International Container Lessors
5,655,838 Equip. Leasing & Fin Fndn
8,913,136  Assoc of Government Leasing  Financing
11,365,407 Leasing Press
18,659,744 Leasing Notes
10,311,690 Lease Assistant
10,967,253 Lean -Lease Enforcement Att Net
21. no data no data Lessee Advocate

David G. Mayer's Business Leasing and Finance News is not included in the Alexa report list as it does not have its own individual site and Alexa finds Patton Boggs, LLP Attorneys at Law.  The rating is not valid as it includes all those who visit and communicate with the law firm.  When Business Leasing and Finance News has its own individual web site, it will be included in the Alexa survey.

*It should be noted that NAELB web site "list serve" requires logging onto their site, meaing their e-mails are counted as a visit to the site, whereas they are "list serve" communication.  These are technically visits to the web site, but primarily to use "list serve."

The Alexa tool bar works on most browsers.
They are partnered with Google.

You may download their free tool bar A graph and analysis of the last three months are available.



Leasing 102
by Mr. Terry Winders, CLP

End of the lease options

In a lease agreement the end of lease options will be included as part of the lease. In a master lease agreement these end of the lease options will be included in a supplement or a schedule or as part of the acceptance document.

The first option is to return the equipment after giving the required number of days notice. The equipment will have to comply with the return provisions. The "end of lease options" are only available if the lease has been handled in a satisfactory manner and the lessee is not in default upon termination of the lease. Here is a standard return provision:

To Schedule No. ____ of Lease No. ____


Lessee shall observe, comply with and perform Section ( ) of the Lease which provides as follows:

Return of the Equipment.

(a) On the Termination Date, at Lessee's own risk and expense, Lessee shall return the Equipment to Lessor at a location specified by Lessor which is within 100 miles of ; provided, however, that upon written request of Lessor, at Lessee's own expense, Lessee shall transport the Equipment to, and provide Lessor with free indoor storage facilities for the Equipment for a period not to exceed sixty (60) days at, a facility owned or controlled by Lessee or its Affiliate and satisfactory to Lessor, and if reasonably able to, Lessee shall provide such storage, at the expense of Lessor, for any time the Equipment is stored at such location in excess of such sixty (60) day period. During such storage period, and in any event until the Equipment is actually returned to Lessor, Lessee shall continue to maintain the Equipment and insure the Equipment according to the maintenance and insurance provisions of Sections ( ) and ( ) of this Lease, at Lessee's expense. At the expiration of such storage period, Lessee shall, at its expense, transport the Equipment from such place of storage selected by Lessor to a redelivery location selected by Lessor within 100 miles of .

(b) Upon redelivery pursuant to this Section, Lessee shall cause the Equipment to be (1) free and clear of all mortgages, liens, security interests, charges, claims, rights of others or other encumbrances ("Liens") other than the Liens either (A) created or granted by Lessor, including any such Liens created or granted in connection with the purchase or financing of the Equipment, or (B) resulting from claims against Lessor not related to Lessor's ownership of the Equipment or to Lessor's lease of the Equipment (Liens described in clauses (A) and (B) above, collectively, "Lessor's Liens"), (2) in the condition in which such Equipment was delivered by Lessor, normal wear and tear excepted, and nevertheless in the condition in which it is required to be maintained pursuant to Section ( ) of this Lease, (3) in good operating condition as required by the terms of this Lease with respect to Items of Equipment, (4) in compliance with all applicable laws, rules, regulations, and orders, (5) in an appearance reasonably acceptable to Lessor, and (6) in any event, able to perform fully the functions for which the Equipment was intended. Lessee shall remove any and all identification markings made by it on the Equipment prior to redelivery. The Equipment shall be inspected jointly by representatives of Lessor and Lessee upon redelivery. If the Equipment is not in the condition required by this Section for redelivery, the term of this Lease shall continue, notwithstanding the Termination Date, until Lessee has caused, at its own expense, the Equipment to be maintained and/or repaired so that it is in the condition required by this Section, or Lessee has paid to Lessor the cost of such repairs and maintenance (including storage and transportation fees) and a reasonable time has elapsed for Lessor to make such repairs.

(c) If Lessee shall have affixed or installed any Improvement to the Equipment, Lessee will, on or before the date of redelivery and at its own expense, remove such Improvement if requested to do so by Lessor and repair any damage done by such removal. Upon the return of the Item of Equipment in accordance with this Section, Lessee shall deliver to Lessor all logs, manuals and data and all inspection, modification and overhaul records required to be maintained with respect thereto under all applicable rules and regulations of any Governmental Authority, together with any other records maintained by Lessee pursuant to Section ( )( ) of this Lease.

(d) If Lessee shall fail, for any reason or no reason, to return any Item or Items of Equipment to Lessor on the date and as required under this Section, then in addition to all other rights and remedies which Lessor shall have as a consequence of such failure, Lessee shall pay to Lessor an amount equal to the Daily Equivalent of Basic Rent for each Item not so returned, multiplied by the number of days which shall have expired between the first date on which such Item should have been returned to Lessor under this Section, and the date which is the first date on which Lessee shall have actually returned such Item to Lessor and complied in all respects with this Section regarding such Item. Such amount shall be due from Lessee to Lessor on Lessor's demand or demands from time to time. All of the provisions of this Lease shall continue with respect to such Item or Items until such Item or Items shall have been returned to Lessor in accordance with, and Lessee shall have complied in all respects with, this Lease. Neither Lessor's demand for or receipt or acceptance of, nor Lessee's payment of any amounts under this paragraph (d), shall waive any Event of Default occasioned by Lessee's failure to return any Item or Items of Equipment to Lessor on a timely basis and in accordance with this Section, nor waive or reduce any other amounts, damages, and/or claims that Lessor may have against, or the right to recover from, Lessee arising out of or in connection with such failure.

The second option is the ability to renew the lease. The renewal can be at the "then fair market rent" or at the "same rent" as paid during the initial term or a reduced rent predetermined at commencement of the lease. If a reduced rent is offered to induce a renewal it runs the risk of looking like an economic advantage and is in danger of looking like a loan. Additionally the renewal term will be added to the original term for compliance with rules on useful life. Many Lessors offer an evergreen clause that allows the lessee to renew the lease at the same rental on a month to month basis. This type of lease usually relies on a mandatory 90 day notice to return the equipment or the evergreen clause goes into effect so a month to month extension can come close to a three month extension if the lessee misses the notice requirement. A "winter green" clause is used when a six month or longer extension is automatic upon failure to notify 90 days prior to lease termination. Once again to impose an evergreen or a winter green provision you must give notice to the lessee to remind them of their notice requirement.

The third option is to purchase the equipment. The purchase option will comply with legal and tax rules as a true lease if it is stated to be for the "fair market value," to be determined at the time the option can be exercised. Any fixed price purchase options must approximate the reasonably predictable fair market value to comply with the rules.

Some leases such as a First Amendment Lease contains only two end of the lease options, the first one is a winter green renewal option that continues the lease for an additional term (usually twelve months) and then the traditional three options are available. Or the second option is a purchase option at Fair Market Value with a minimum price equal to an amount necessary to cover the lessors residual and a small profit margin. This allows the lessor to assume a residual at the end of the first term used to lower the rent requirement and comply with a rent request of the Lessee. At the end of the first term it coincides with the end of the use term of the lessee but the lessee would need to exercise one of the two options

The fourth option is to trade the equipment in to obtain new equipment and use the value over the Lessor's residual value to reduce the purchase price to the Lessor to allow for a lower Lease payment on the new lease. The Lessor is under no requirement to offer the lower lease rental to the Lessee but it appears that it helps offset the cost of obtaining new customers so it is most likely than some of this value will be used to lower the next lease rental to retain customers.

Someone once said that if the Lessee would pay correctly all that was needed was a hand shake to seal the bargain, if not then we wanted to go into court with enough documentation to prove our case. This requires a lot of specific lease documents and recorded procedures. Therefore, for that small chance that we made a poor decision, or the facts changed after acceptance, we prepare ourselves we try to obtain good documents and proper legal advice. One note of caution: you would not go to a foot doctor for a heart problem nor would you go to just any attorney for help with a lease problem. Please seek out competent lease counsel, and if you cannot find one on your own, contact any equipment lease association and they can direct you to one in your area. Improper or uneducated council on lease maters can get you into more trouble or cause you to lose money!

Mr. Terry Winders, CLP, has been a teacher, consultant, expert witness for the leasing industry for thirty years and can be reached at or 502-327-8666.
He invites your questions and queries.

Previous #102 Columns:

(This ad is a "trade" for the writing of this column. Opinions
contained in the column are those of Mr. Terry Winders, CLP)



Adopt-a-Pet--- Overland Park, Kansas

Maggie May
Dachshund, Terrier [Mix]

"Maggie May is a sweet little black and tan Dachshund / Terrier mix with one ear up and the other one down. She is seven years young, weighs about 18 pounds and is about twelve inches high. She is very happy, loving and independent. She loves running, playing, being outside and going on long walks.

"Maggie May gets along with well with other small dogs. She also loves car rides and will jump right in and enjoy the ride. She loves for someone to throw her mouse toy and she will bring it back every time.

"We're told that Maggie May is crate trained and house trained and she hasn't had an accident in her new foster home so far. She also goes straight to bed when told to and she is not been a barker.

"As soon as she was brought into her new foster home, she adjusted quickly to her new environment. She loves our walks together and that tail of hers never stops wagging. She likes to give kisses but will be happy just lie beside you on the couch and enjoy your company.

"Maggie May would make someone a great pet who is looking for an independent and loving dog. She has stolen her foster mom's heart when she lays her little head on her lap and looks up with her sweet little brown eyes.

"If you would like to find out more about Maggie or are interested in adopting MAGGIE MAY, please contact Pat at 913-782-5539 or e-mail me at"

The Heart of America Humane Society has adoptions each Saturday at the Petsmart at 115th and Metcalf in Overland Park, the Petco at 135th and Blackbob in Olathe and the Petsmart in the Ward Parkway Shopping Center. Please contact the foster parent DIRECTLY to confirm this foster's attendance.

Heart of America Humane Society
Overland Park, KS

Adopt-a-Pet by Leasing Co. State/City

Adopt a Pet



News Briefs----

Gondas: Once Richest in leasing/LA Charity's suffer,0,2919321.story

Windfall Is Seen as Bank Bonuses Are Paid in Stock

Hurricane Ida aims for Gulf of Mexico oil fields

No iPhone killer, but Droid has lots to like

Windows 7 tops Vista in early consumer sales by more than 200%,0,7659678.story



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Austin's big play lifts Cowboys past Eagles

Tennessee Titans send San Francisco 49ers to fourth straight loss

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Falcons pound Redskins

Passing game helps Patriots down Dolphins

Chicago Bears lose 41-21 to Arizona Cardinals,0,523376.story

Hasselbeck gives Seahawks' sagging season a stay of execution

Giants Losing Streak Goes on, After All

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Today's Top Event in History

1960-- the New York Yankees fired their manager, Casey Stengel, despite his having won 10 pennants and seven World Series in 12 years. Stengel returned to baseball in 1962 as first manager of the New York Mets.


This Day in American History

    1731-Birthday of Benjamin Banneker: American astronomer, mathematician clockmaker, surveyor and almanac author, called “first black man of science.” He was instrumental in the original survey of city of Washington. Banneker's Almanac was published 1792—97. Born at Elliott's Mills, MD, he died at Baltimore, MD, Oct 9, 1806. A fire that started during his funeral destroyed his home, library, notebooks, almanac calculations, clocks and virtually all belongings and documents related to his life.
    1756-Travel was generally by horse or walking before this date when the first intercity stagecoach service was inaugurated between Philadelphia, PA, and New York City by John Butler, Francis Holman, John Thompson, and William Walter.
    1800--- Birth of Asa Mahan, American educator and Congregational clergyman. President of Oberlin College in Ohio from 1835_1850, Mahan was instrumental in establishing interracial college enrollment and in the granting of college degrees to women.
    1802-Birthday of Elijah P. Lovejoy, American newspaper publisher and abolitionist, born at Albion, ME. Died Nov. 7, 1837 in a fire started by a mob angry about his anti-slavery views.
    1815- Reverend Leonard Grimes was born at Leesburg, VA, to parents who were free. A free black man living at Washington, DC, he despised slavery and became active in assisting fugitive slaves to escape. He was caught and imprisoned at Richmond, VA. After his release he founded and became the first minister of the Twelfth Street Baptist Church at Boston, MA, where he served until his death Mar 14, 1874.
    1831-Birthday of Cornelia Adele Strong Fassatt, painter of The Florida Case before the Electoral Commission hanging in the U.S. Capitol building that contains the faithful likenesses of 260 prominent figures of the day.
    1833-Brithday of Sally Louisa Tompkins, made a captain in the Confederacy so she could continue operating a private hospital which had less than a 7% fatality rate, an unbelievably low rate for the times. She was buried with full military honors when she died in 1916.
    1836-The first state police were formed when G.W. Davis was commissioned to raise 20 Texas Ranger. Texas was a province of Mexico at the time. The General Council of the Provisional Government of Texas authorized the organization of three Ranger companies. Texas was admitted to the Union in 1845. The first African-American officer to serve as a Texas Ranger was Lee Roy Young, who joined the force in 1988.
    1836--- Birth of Christian business traveler Samuel Hill. In 1899 Hill, John Nicholson and W.J. Knights co founded the Gideons, a Christian organization that ministers through distribution of the Scriptures. To date, the Gideons have placed over 12 million Bibles and 100 million New Testaments.
    1938-- Crystal Night in Germany when Hitler's men raided Jewish homes and synagogues. The name is derived from the broken glass that covered the streets. Lest we forget... More than four million women and children were killed by Hitler. He abolished abortion and birth control and held contests and awarded medals for women bearing the most children, had camps and homes where women were used for men's pleasure and breeding - and there were no women were among the leaders of the Nazi party. In addition to sharing ALL the horrors that the men in concentration camps suffered at the hands of the Nazis, the women also were raped and sexually tortured - by both inmates and Nazis.
    1857 - The new magazine, the "Atlantic Monthly", featured the first installment "The Autocrat of the Breakfast Table" by Oliver Wendell Holmes
    1861- Tennessee votes against secession
    1868- Medical School at Howard University opened with eight students
    1872-The Boston Fire: though Boston had experienced several damaging fires, the worst one started on this Saturday evening in a dry-goods warehouse. Spreading rapidly in windy weather, it devastated several blocks of the business district, destroying nearing 800 buildings. Damage was estimated at more than $75 million. It was said that the fire caused a bright red glare in the sky that could be seen from nearly 100 miles away. The Boston fire came one year, one month, and one day after the Great Chicago Fire of October 8, 1871.
    1876-Birthday of Archibald Wright (Moonlight” Graham, baseball player born at Fayetteville, NC. Graham's brief major league career (one game and no at-bats) was fictionalized in “Field of Dreams.” Died at Chisholm, MN, August 25, 1965.
    1899-Clarinetist Mezz Mezzrow born Chicago, ILL. His autiobiography about Chicago jazz days is still considered a classic, written in 1946, “Really the Blues.” Ben Pollock, the drummer says Mezz was “not too smart, and he ran errands for us mostly.” Ben at the time owned a Pizza joint on Sunset Blvd that we often went to listen to the Dixieland music.
    1906 - United States President Theodore Roosevelt left for Panama on the first overseas trip by a United States president.
    1906—Trumpet player Muggsy Spanier birthday
    1906 -Alto sax player Peter Brown born, Baltimore, MD.
    1912- West Point cadet Dwight D. Eisenhower broke his kneecap in a football game against Tufts University and gave up the sport forever.
    1913 -the 'Freshwater Fury', one of the greatest windstorms ever in the Great Lakes produced sustained winds of 62 mph at Port Huron, MI, gusts to 80 mph at Buffalo, NY and 79 mph at Cleveland, OH. 17 ships were sunk and 270 sailors lost. 22.2 inches of snow fell at Cleveland. Pickens, WV had 36 inches
    1918-Birthday of Spiro Theodore Agnew, 39 th vice president of the US, born at Baltimore, MD. Twice elected vice president (1968 and1972), Agnew became the second person to resign that office October 10, 1973. Agnew entered a plea of no contest to a charge of income tax evasion ( on contract kickbacks received while he was governor of Maryland , and after he became vice president) He died Sept. 17, 1996, at Berlin, MD. John Calhoun was the first to resign, 1832, over many issues with President John Quincy Adams, the last of states rights, where Adams continued to believe states had the right to over rule federal authority and decided he had had it.
    1918-Birthday of swimmer Florence May Chadwick, San Diego, CA. Chadwick never won a national title and failed to qualify for the US Olympic team in 1936, but she won enduring fame by becoming the first woman to swim the English Channel in both directions. She swam from France to England on August 8, 1950, and from England to France a year later. She made other long-distance swims as well, including the Bristol Channel, the Catalina Island-to California swim and the Strait of Gibraltar. Died at San Diego, March 15, 1995.
    1923- Birthday of Actress and singer Dorothy Dandridge. She was a child star, born at Cleveland, OH, who toured with her sisters, Vivian and Etta Jones, as The Dandridge Sisters. They played at the Cotton Club, sharing the stage with artists such as Cab Calloway and W.C. Handy. Dandridge went solo in 1941 to perform in Hollywood movies and on stage with the Desi Arnaz Band. Her big break came with the lead role in Otto Preminger's musical, Carmen Jones. Dandridge received an Oscar nomination for her performance. Unfortunately, Dandridge could not overcome Hollywood's racism and tendency to typecast and her career foundered. She died at West Hollywood, CA, Sept 8,1965.
    1926 - A F3 tornado struck a small school near La Plata, MD killing 14 students. The school was lifted, thrown into a grove of trees and blown apart. The body of one child was found in a tree 300 feet away
    1934-Birthday of Carl Sagan, astronomer, biologist, author, born at New York, NY. Died at Seattle, WA. Dec. 20, 1996.
    1938- 24-year-old Mary Martin made her Broadway stage debut in the musical comedy "Leave It to Me". She brought down the house as she sang My Heart Belongs to Daddy. And the critics raved about New York's bright new star. The following year brought Martin a top-ten hit with the same song. Martin suddenly found herself singing duets with Bing Crosby; starring on "Broadway in One Touch of Venus" in 1943; "Lute Song" in 1946; touring in "Annie Get Your Gun"; and then taking on what would become her immortal role, that of Nellie in "South Pacific". South Pacific was one of Broadway's biggest hits and the cast album was one of the first of its kind, also a big seller. Then came Mary's stage and TV performances as Peter Pan. This would become her signature role, a memorable moment as the petite actress flew through the air with Tinkerbell and fought the dangerous Captain Hook. Broadway called to Mary Martin again in 1959 for "The Sound of Music" and once more in 1966 for "I Do, I Do". Back in 1951, Mary Martin recorded a duet with a young man who was also destined for instant and long-term stardom. The song they sang together was Get out Those Old Records. The twenty-year-old was her son, Larry Hagman, who later played J.R. Ewing.
    1944--GOTT, DONALD J. (Air Mission) Medal of Honor Rank and organization: First Lieutenant, U.S. Army Air Corps, 729th Bomber Squadron, 452d Bombardment Group. Place and date: Saarbrucken, Germany, 9 November 1944. Entered service at: Arnett, Okla. Born: 3 June 1923, Arnett, Okla. G.O. No.: 38, 16 May 1945. Citation: On a bombing run upon the marshaling yards at Saarbrucken a B-17 aircraft piloted by 1st. Lt. Gott was seriously damaged by antiaircraft fire. Three of the aircraft's engines were damaged beyond control and on fire; dangerous flames from the No. 4 engine were leaping back as far as the tail assembly. Flares in the cockpit were ignited and a fire raged therein, which was further increased by free-flowing fluid from damaged hydraulic lines. The interphone system was rendered useless. In addition to these serious mechanical difficulties the engineer was wounded in the leg and the radio operator's arm was severed below the elbow. Suffering from intense pain, despite the application of a tourniquet, the radio operator fell unconscious. Faced with the imminent explosion of his aircraft, and death to his entire crew, mere seconds before bombs away on the target, 1st. Lt. Gott and his copilot conferred. Something had to be done immediately to save the life of the wounded radio operator. The lack of a static line and the thought that his unconscious body striking the ground in unknown territory would not bring immediate medical attention forced a quick decision. 1st. Lt. Gott and his copilot decided to fly the flaming aircraft to friendly territory and then attempt to crash land. Bombs were released on the target and the crippled aircraft proceeded alone to Allied-controlled territory. When that had been reached, 1st. Lt. Gott had the copilot personally inform all crewmembers to bail out. The copilot chose to remain with 1st. Lt. Gott in order to assist in landing the bomber. With only one normally functioning engine, and with the danger of explosion much greater, the aircraft banked into an open field, and when it was at an altitude of 100 feet it exploded, crashed, exploded again and then disintegrated. All 3 crewmembers were instantly killed. 1st. Lt. Gott's loyalty to his crew, his determination to accomplish the task set forth to him, and his deed of knowingly performing what may have been his last service to his country was an example of valor at its highest.
    1946- Thousands of African-Americans fought in WWII, but after the war the same old injustices and hatred prevailed. In Philadelphia Margaret Roselle Hawkins and Sarah Strickland Scott founded a nonpartisan, volunteer organization called The Links, “linking” their friendship and resources in an effort to better the lives of disadvantaged African-Americans. From the first group of nine, The Links has grown to an incorporated organization of 8,000 women in 240 local chapters in 40 states plus the District of Columbia and two foreign countries. The Links promotes educational, cultural and community activities through a variety of projects here and in Africa. In May of 1985 The Links became an official
    1948-Top Hits
Buttons and Bows - Dinah Shore
Hair of Gold, Eyes of Blue - Gordon MacRae
On a Slow Boat to China - The Kay Kaiser Orchestra (vocal: Harry Babbitt & Gloria Wood
One Has My Name (The Other Has My Heart) - Jimmy Wakely
    1948 - On NBC radio, "This is Your Life" debuted. the host for that first episode was Ralph Edwards who hosted the radio show for two years before giving the show nine more years from 1952 to 1961 on television.
    1952- “Omnibus” premiered on television. This eclectic series deserved its name, offering a variety of presentations, including dramas, documentaries and musicals. Alistair Cooke hosted the program, which was the first major TV project to be underwritten by the Ford Foundation. Notable presentations included: James Agee's “Mr. Lincoln”; “Die Fledermaus,” with Eugene Ormandy conducting the Metropolitan Opera Orchestra; Agnes DeMille's ballet “Three Virgins and the Devil” (presented as “Three Maidens and the Devil”); and documentaries from underwater explorer Jacques Cousteau.
    1955 - For RCA Victor, Harry Belafonte recorded "Jamaica Farewell" and "Come Back Liza", completing the "Calypso" album that led to Belafonte's nickname, "Calypso King".
    1955--The Everly Brothers made their first studio recordings, cutting four tracks in 22 minutes at Nashville's Old Tulane Hotel Studios.
    1956-Top Hits
Love Me Tender - Elvis Presley
The Green Door - Jim Lowe
True Love - Bing Crosby & Grace Kelly
Hound Dog/Don't Be Cruel - Elvis Presley
    1958-Elvis Presley's "Hound Dog" became only the third record in history to sell over three million copies, joining "White Christmas" by Bing Crosby and Gene Autry's "Rudolf the Red Nosed Reindeer".
    1960- the New York Yankees fired their manager, Casey Stengel, despite his having won 10 pennants and seven World Series in 12 years. Stengel returned to baseball in 1962 as first manager of the New York Mets.
    1961-Brian Epstein went to Liverpool's Cavern Club to see The Beatles perform for the first time. He had been getting requests at his NEMS music store for a record called "My Bonnie". After several more visits, Epstein would offer to manage the group, which he did until his death in 1967.
    1961 --PGA eliminates Caucasians only rule.
    1963-The Kingsmen's classic, "Louie, Louie" is released in the US. It will enter the Hot 100 near the end of November and peak at #2 in early January.
    1964-Top Hits
Baby Love - The Supremes
Last Kiss - J. Frank Wilson & The Cavaliers
Leader of the Pack - The Shangri-Las
I Don't Care (Just as Long as You Love Me) - Buck Owens
    1965- Massive electric power failure starting in western New York State at 5:16 PM, cut electric power to much of northeastern US and Ontario and Quebec in Canada. More than 30 million persons in an area of 80,000 square miles were affected. The experience provoked studies of the vulnerability of 20 th century technology.
    1967 - With John Lennon on the cover, the first issue of "Rolling Stone" was published. The magazine said it was not just a music magazine but was also about “...the things and attitudes that music embraces.”
    1967-SIJAN, LANCE P. Medal of Honor Rank and organization: Captain, U.S. Air Force, 4th Allied POW Wing, Pilot of an F-4C aircraft. Place and date: North Vietnam, 9 November 1967. Entered service at: Milwaukee, Wis. Born: 13 April 1942, Milwaukee, Wis. Citation: While on a flight over North Vietnam, Capt. Sijan ejected from his disabled aircraft and successfully evaded capture for more than 6 weeks. During this time, he was seriously injured and suffered from shock and extreme weight loss due to lack of food. After being captured by North Vietnamese soldiers, Capt. Sijan was taken to a holding point for subsequent transfer to a prisoner of war camp. In his emaciated and crippled condition, he overpowered 1 of his guards and crawled into the jungle, only to be recaptured after several hours. He was then transferred to another prison camp where he was kept in solitary confinement and interrogated at length. During interrogation, he was severely tortured; however, he did not divulge any information to his captors. Capt. Sijan lapsed into delirium and was placed in the care of another prisoner. During his intermittent periods of consciousness until his death, he never complained of his physical condition and, on several occasions, spoke of future escape attempts. Capt. Sijan's extraordinary heroism and intrepidity above and beyond the call of duty at the cost of his life are in keeping with the highest traditions of the U.S. Air Force and reflect great credit upon himself and the U.S. Armed Forces.
    1967--YOUNG, GERALD O. Medal of Honor Rank and organization: Captain, U.S. Air Force, 37th ARS Da Nang AFB, Republic of Vietnam. Place and date: Khesanh, 9 November 1967. Entered service at: Colorado Springs, Colo. Born: 9 May 1930, Chicago, Ill. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty. Capt. Young distinguished himself while serving as a helicopter rescue crew commander. Capt. Young was flying escort for another helicopter attempting the night rescue of an Army ground reconnaissance team in imminent danger of death or capture. Previous attempts had resulted in the loss of 2 helicopters to hostile ground fire. The endangered team was positioned on the side of a steep slope which required unusual airmanship on the part of Capt. Young to effect pickup. Heavy automatic weapons fire from the surrounding enemy severely damaged 1 rescue helicopter, but it was able to extract 3 of the team. The commander of this aircraft recommended to Capt. Young that further rescue attempts be abandoned because it was not possible to suppress the concentrated fire from enemy automatic weapons. With full knowledge of the danger involved, and the fact that supporting helicopter gunships were low on fuel and ordnance, Capt. Young hovered under intense fire until the remaining survivors were aboard. As he maneuvered the aircraft for takeoff, the enemy appeared at point-blank range and raked the aircraft with automatic weapons fire. The aircraft crashed, inverted, and burst into flames. Capt. Young escaped through a window of the burning aircraft. Disregarding serious burns, Capt. Young aided one of the wounded men and attempted to lead the hostile forces away from his position. Later, despite intense pain from his burns, he declined to accept rescue because he had observed hostile forces setting up automatic weapons positions to entrap any rescue aircraft. For more than 17 hours he evaded the enemy until rescue aircraft could be brought into the area. Through his extraordinary heroism, aggressiveness, and concern for his fellow man, Capt. Young reflected the highest credit upon himself, the U.S. Air Force, and the Armed Forces of his country.
    1969-Simon and Garfunkel record what would become their signature tune, "Bridge Over Troubled Water", with future member of Bread, Larry Knechtel on piano. Art wanted Paul to sing the song, but Paul insisted that Art's voice was better suited for it. It was a decision that Paul would later say he regretted.
    1969--The occupation of Alcatrazwas planned by Richard Oakes, a group of Indian students, and a group of urban Indians from the Bay Area. Since many different tribes were represented, the name "Indians of All Tribes" was adopted for the group. They claimed the island in the name of Indians of all tribes and left the island to return later that same evening. In meetings following the November 9th occupation, Oakes and his fellow American Indian students realized that a prolonged occupation was possible. --Alcatraz Indian Occupation
    1972-Top Hits
I Can See Clearly Now - Johnny Nash
Nights in White Satin - The Moody Blues
Freddie's Dead (Theme from “Superfly”) - Curtis Mayfield
It's Not Love (But It's Not Bad) - Merle Haggard
    1973-After years of struggling as a member of two New York area bands, The Hassels and Attila, and as a bar room piano player, Billy Joel releases what will ultimately be his breakthrough album, "Piano Man". The title song will be released as a single and become a Top Twenty-five hit early next year.
    1974-"You Ain't Seen Nothing Yet" by Bachman-Turner Overdrive topped the charts and stayed there for a week.
    1976-In the wake of the reformed Fleetwood Mac's success with their latest, self-titled album, one of the band's earlier LPs, "Mystery to Me" goes Gold.
    1977-Donna Summer is awarded a Gold record for her Billboard #6 hit, "I Feel Love". It was the second of her twenty, US Top 40 chart makers.
    1980-Top Hits
Woman in Love - Barbra Streisand
Lady - Kenny Rogers
The Wanderer - Donna Summer
On the Road Again - Willie Nelson
    1982 - An unusual California outbreak of tornadoes with 7 tornadoes setting down in the Los Angeles area. 2 of the storms reached F2 striking Long Beach and Van Nuys
    1984- The Vietnam Veterans Memorial was completed by the addition of a statue, “Three Servicemen” (sculpted by Frederick Hart), which was unveiled on this date. The statue faces the black granite wall on which are inscribed the names of more than 58,000 Americans who were killed or missing in action in the Vietnam War.
    1985-"Miami Vice Theme" by Jan Hammer topped the charts and stayed there for a week.
    1988-Top Hits
Kokomo - The Beach Boys
Wild, Wild West - The Escape Club
The Loco-Motion - Kylie Minogue
Darlene - T. Graham Brown
    1989 - East German officials today opened the Berlin Wall, allowing travel from East to West Berlin. The following day, celebrating Germans began to tear the wall down. One of the ugliest and most infamous symbols of the Cold War was soon reduced to rubble that was quickly snatched up by souvenir hunters.
    1991 - Champaign, IL shivered at 9 degrees, Calico Rock, AR dropped to 13 degrees, just two of 70 record lows for the date
    1991- "Cream" by Prince & the N.P.G. topped the charts and stayed there for 2 weeks
    1996-"No Diggity" by Blackstreet topped the charts and stayed there for 4 weeks.
    1997 - -- Denver cornerback Darrien Gordon ties an NFL record by returning two punts for touchdowns in the same quarter, a feat previously accomplished just twice in NFL history. His scoring returns of 82 and 75 yards in the first quarter gave Denver a 14-0 lead en route to a 34-0 defeat of Carolina.
    1999-The Recording Industry Association of America announces their Artists of the Century. The Beatles top the list for US sales of over 106 million albums. Garth Brooks was named most successful male artist (89 million albums sold) and Barbra Streisand the most successful female artist. (62 million albums sold). Elvis Presley had the most Gold and Platinum singles with 77, to go along with his 80 Gold and Platinum albums. Elton John's "Candle in the Wind" (Princess Diana version) is the best selling single of all time and the Eagles "Greatest Hits 1971 - 1975" is the record holder for best selling album.
    2000--- After posting the best record in baseball this season, Giant manager Dusty Baker is named by the BBWAA as the National League Manager of the Year. He joins Tony LaRussa (White Sox '83 and A's '88 and 92) as the only three-time winner of the award.
    2000-The Beatles launched their official internet web site,
    2002 - After a decade as the skipper in San Francisco, Dusty Baker signs a four years deal to pilot the Cubs. The three-time NL Manager of the Year compiled an 840-715 record during his ten-year tenure with the Giants
    2004 ---After coming out of retirement to pitch for his home town team, Roger Clemens (18-4, 218, and 2.98) becomes the oldest hurler to win the Cy Young Award. The 42-year old ‘Rocket' has received the honor a record seven times and becomes the first to win the award with four different teams; Red Sox (1986-87, 1991), Blue Jays (1997-98), Yankees (2001) and the Astros (2004).
    2005-- Ozzie Guillen, who led the Chicago White Sox to the World Championship, joins his former field boss as recipients of the managers of the year honors. After leading a very young Braves team to the East division title, Bobby Cox, the NL winner, becomes the first skipper in either league ever win the award in consecutive years.
    2008 - Participants in team-sponsored high school program aimed at helping Bronx youths pursue careers in architecture, engineering and construction, along with a few players remove rain-soaked dirt from the former Yankee Stadium and bring it across the street to the team's new $1.3 billion field. The soil is then mixed with the new stadium's dirt around home plate and pitcher's rubber which were also removed from the former site during the ceremony.



Football Poem

Man in the Glass
( The poem Bill Parcells is reportedly read often to his players. )

When you get what you want in your struggle for self
And the world makes you king for a day
Just go to a mirror and look at yourself
And see what that man has to say

For it isn't your father, mother or wife
Whose judgment upon you must pass
The fellow whose verdict counts most in your life
Is the one staring back from the glass

Some people may think you're a straight-shootin' chum
And call you a wonderful guy
But the man in the glass says you're only a bum
If you can't look him straight in the eye

He's the fellow to please, never mind all the rest
For he's with you clear up to the end
And you've passed your most dangerous, difficult test
If the man in the glass is your friend

You may fool the whole world down the pathway of life
And get pats on the back as you pass
But your final reward will be heartaches and tears
If you've cheated the man in the glass




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